We see a Cup and Handle forming. currently forming a handle within the wedge, if it breaks out of this wedge, i advise to wait on the sidelines and try to get in on the ground floor ( red zone)
The orange line is very local support
RSI is neutral as it is waiting for a move in this consolidation stage
I will try to keep this updated as time goes on but this is a coin to watch, when QTUM pumps we can easily see over 40%+ plus pumps.
Please share your thoughts below, I think this coin needs a bit more time, but I would wait for a breakout and then enter at the top of the wedge. /
We are simply part of a bigger picture which is the reason for the yellow lines!
We have a lot of resistance at the Moving Averages and declining volume!
I am optimistic as long as the orange line holds.
Please share your thoughts!
The orange line is very local support
RSI is neutral as it is waiting for a move in this consolidation stage
I will try to keep this updated as time goes on but this is a coin to watch, when QTUM pumps we can easily see over 40%+ plus pumps.
Please share your thoughts below, I think this coin needs a bit more time, but I would wait for a breakout and then enter at the top of the wedge. /
We are simply part of a bigger picture which is the reason for the yellow lines!
We have a lot of resistance at the Moving Averages and declining volume!
I am optimistic as long as the orange line holds.
Please share your thoughts!
Trade active
We are waiting for a signal before entering or ignoring this trade.Trade closed manually
Does not look good for QTUM.. maybe later in the year i can revisit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.